NPORT-EX 2 MIMA600MI9.30.23.htm HTML
Matthews Asia Innovators Fund    September 30, 2023
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 99.5%   

 

      Shares      Value  

CHINA/HONG KONG: 38.4%

      

PDD Holdings, Inc. ADRb

      209,434        $20,539,192  

Tencent Holdings, Ltd.

      391,700        15,183,843  

Trip.com Group, Ltd. ADRb

      380,048        13,290,279  

Alibaba Group Holding, Ltd. ADRb

      137,272        11,906,973  

Kuaishou Technologyb,c,d

      1,139,300        9,063,942  

KE Holdings, Inc. ADR

      507,509        7,876,540  

Meituan Class Bb,c,d

      521,930        7,555,559  

Legend Biotech Corp. ADRb

      96,062        6,452,485  

Full Truck Alliance Co., Ltd. ADRb

      848,120        5,970,765  

NetEase, Inc.

      297,500        5,965,247  

Baidu, Inc. ADRb

      44,185        5,936,255  

NARI Technology Co., Ltd. A Shares

      1,607,168        4,894,581  

Proya Cosmetics Co., Ltd. A Shares

      333,529        4,653,739  

Bilibili, Inc. Class Zb

      337,160        4,646,369  

Airtac International Group

      149,000        4,527,016  

Contemporary Amperex Technology Co., Ltd. A Shares

      160,638        4,491,264  

MINISO Group Holding, Ltd. ADR

      165,755        4,293,054  

BYD Co., Ltd. A Shares

      131,020        4,288,675  

Wuxi Biologics Cayman, Inc.b,c,d

      711,500        4,135,137  

WuXi AppTec Co., Ltd. A Shares

      217,100        2,582,481  
     

 

 

  

Total China/Hong Kong

         148,253,396  
     

 

 

  
     
     

INDIA: 24.1%

      

Axis Bank, Ltd.

      1,024,735        12,755,638  

ICICI Bank, Ltd.

      1,091,024        12,499,644  

Zomato, Ltd.b

      10,258,541        12,494,903  

Bajaj Finance, Ltd.

      112,757        10,576,443  

Reliance Industries, Ltd.

      343,145        9,661,135  

HDFC Bank, Ltd.

      418,495        7,675,163  

Mahindra & Mahindra, Ltd.

      339,302        6,336,071  

Indian Hotels Co., Ltd.

      1,180,920        5,830,346  

Titan Co., Ltd.

      150,275        5,684,459  

PB Fintech, Ltd.b

      587,709        5,398,939  

Sona Blw Precision Forgings, Ltd.c,d

      610,014        4,277,142  
     

 

 

  

Total India

         93,189,883  
     

 

 

  
     
     

TAIWAN: 13.7%

      

Taiwan Semiconductor Manufacturing Co., Ltd.

      1,739,000        28,356,559  

Alchip Technologies, Ltd.

      101,000        8,465,913  

Unimicron Technology Corp.

      887,000        4,785,599  

M31 Technology Corp.

      166,000        4,133,903  

WinWay Technology Co., Ltd.

      184,000        3,878,338  

Chroma ATE, Inc.

      411,000        3,524,637  
     

 

 

  

Total Taiwan

         53,144,949  
     

 

 

  
     
     

SOUTH KOREA: 10.1%

      

Samsung Electronics Co., Ltd.

      470,252        23,773,183  

SK Hynix, Inc.

      100,761        8,530,899  

Samsung SDI Co., Ltd.

      9,417        3,558,803  

Daejoo Electronic Materials Co., Ltd.

      48,439        2,990,611  
     

 

 

  

Total South Korea

         38,853,496  
     

 

 

  
     
     

UNITED STATES: 3.1%

      

NVIDIA Corp.

      15,187        6,606,193  
      Shares      Value  

Broadcom, Inc.

      6,278        $5,214,381  
     

 

 

  

Total United States

         11,820,574  
     

 

 

  
     
     

INDONESIA: 3.0%

      

PT Bank Rakyat Indonesia Persero Tbk

      18,530,000        6,258,191  

PT Mitra Adiperkasa Tbk

      45,620,700        5,372,350  
     

 

 

  

Total Indonesia

         11,630,541  
     

 

 

  
     
     

VIETNAM: 2.2%

      

Mobile World Investment Corp.

      2,218,548        4,790,349  

Military Commercial Joint Stock Bank

      5,131,000        3,894,606  
     

 

 

  

Total Vietnam

         8,684,955  
     

 

 

  
     
     

SINGAPORE: 1.5%

      

Sea, Ltd. ADRb

      132,900        5,840,955  
     

 

 

  

Total Singapore

         5,840,955  
     

 

 

  
     
     

FRANCE: 1.2%

      

LVMH Moet Hennessy Louis Vuitton SE

      6,235        4,706,369  
     

 

 

  

Total France

         4,706,369  
     

 

 

  
     
     

JAPAN: 1.2%

      

Keyence Corp.

      12,300        4,548,859  
     

 

 

  

Total Japan

         4,548,859  
     

 

 

  
     
     

NETHERLANDS: 1.0%

      

ASML Holding NV

      6,553        3,857,489  
     

 

 

  

Total Netherlands

         3,857,489  
     

 

 

  
     
     

TOTAL INVESTMENTS: 99.5%

         384,531,466  

(Cost $388,510,658)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 0.5%

         2,025,800  
     

 

 

  

NET ASSETS: 100.0%

        $ 386,557,266  
     

 

 

  

 

a

Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

 

b

Non-income producing security.

 

c

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Funds’ Board of Trustees. At September 30, 2023, the aggregate value is $25,031,780, which is 6.48% of net assets.

 

d

The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

 

ADR

American Depositary Receipt

Other information regarding the Fund is available in the Funds’ most recent report to shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

 

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